- When Is The Best Time To Get One Of These?
Home buyers are creatures of habit, and follow historically predictable patterns when looking to purchase a home. The decision on when to list a home for sale should take those numbers into account, and it is beneficial to understand what those patterns are, and how they affect the number of people who are actively in the market, and thus the number of potential buyers that will turn out to visit your home.
| Jan | Feb | March | April | May | June | July | Aug | Sept | Oct | Nov | Dec |
| 6% | 5% | 7% | 8% | 10% | 15% | 11% | 9% | 8% | 7% | 9% | 5% |
The number of settled homes peaks in June – with 15% of the yearly total of settlements occurring during that month, followed closely by July at 11%. December and February set the lows for the year at 5%. Settlement data is a trailing indicator of buying activity, since it generally takes from 6 to 8 weeks from the execution of a contract to the settlement of the property.
This means in any given year the largest number of potential home buyers are out looking for homes NOW! In fact 62% of homes settle by the end of July, 26% of settlements on a average annual basis occur in June and July alone, reinforcing the fact that April through early June is the peak time for home seekers. In any market it seems wise to take advantage of the period of strongest demand.
As I mentioned earlier the numbers vary from year to year – this is a recap of Wallingford homes sold for the last 5 full years, dating back to 2006.
Wallingford Homes Sold By Year – 2006 thru 2010
| 2006 | 2007 | 2008 | 2009 | 2010 |
| 208 | 219 | 163 | 161 | 125 |
See Wallingford Homes Sold data back to 2008
